The Horse Forum banner

Into the Future

1559 Views 22 Replies 11 Participants Last post by  twixy79
Talking to our bank (to get ideas for the future) we can actually get a decent mortgage (up to $165,000) without out breaking our backs to pay it each month. Ok that's fine we weren't looking to go that high but it gives us an idea.

The two of us have always wanted a smallish farm, me I love fresh eggs and miss the ones my step uncle would give us so I've wanted chickens. My fiancé wants a pot belly pig. If we aren't boarding I'd look at getting a pair of horses for the sake of companionship. I have talked to my sister about average cost of keeping a horse on property as that's what she once did. Something I'd be willing and able to do.



My only questions for you guys are:
~ Bare minimum of acres for a pair of horses?
- this way I know where our minimum is
- yes I know this may differ but just ideas

~ what type of fencing is lowest maintenance but best at keeping a horse safely contained?
- I've heard wood fencing can be pretty high maintenance which is why I'm asking
- again I know this is preference
- I've heard electric tape fencing is good but what voltage would even be best?

This won't happen for a few years yet, I'm not willing to break the lease which is a few years. Plus I'd like to put away money for the move down, first expenses (utilities and food) etc. I just want to get the ideas down to research. Which is another thing we are doing. We've got A half a page full of prospective places we'd like to go but aren't going to truly narrow down til the time to find a home is closer. I just like to research and since we want to bring animals onto the little farm I need to research that as well.
Status
Not open for further replies.
1 - 9 of 23 Posts
The average you often see is 2 per horse. But, that is dependent on your area. The ag extension agent for your county can give you the best idea. Add an acre for a barn/storage /dry lot and then room for your house and drive. I'd say 5 is the minimum if you have good grass most of the year and adequate rainfall to keep things green and growing. You don't say where you are at but you'll need to figure in hay. They can tell you about how long you'll need to feed over winter (late fall/early spring). You'll also want to look at your state laws for fencing livestock. Depending on where you locate you may not be able to use electric along a road. Now if the pasture area is behind your house you may not have restrictions and if the horse is acclimated and respects it then it works well. As for voltage you want a livestock charger. As long as it is rated for large animals (cows, horses, around here the odd camel or few) then you would be fine. Best is one that plugs into a source but I have used solar successfully. You just need to make sure you have a good sized battery to store power.
We plan on moving down to Kentucky outside Lexington, that's the place we have visited and both love. We are hoping to find a place with a preexisting barn and house that we can fix up ourselves. We pegged 10acres minimum 25 max. Does that sound ok?
  • Like
Reactions: 1
I don't know what prices for horse properties are like in the Lexington area but it isn't the initial cost it is the yearly maintenance and land taxes you need to keep in mind.
Upkeep, repairs, upgrades of land, upgrade of machinery, upgrade of barns and buildings and all done on salaries of that locale and cost of living.
Buying virgin land {no buildings} is fine as long as you know what kind of home is permitted.
I guarantee you there are rules about it.
Some areas only allow site built, no manufactured homes, no trailer homes.
Buying a existing farm all nice and neatly done....
you at least know taxes current and what needs improving immediately for your taste.
You really need to narrow down your area as Lexington KY and surrounding area is huge in pricing from million dollar equestrian estate homes to reasonable $200,000 and under small farm-ettes you search for and the property taxes that need paid yearly.
The tax base will also vary tremendously depending upon county of residence, foot-print of the house, amenities such as barns and out-buildings and more...

So, it isn't necessarily what is the "cheapest yet safest" in fencing but what is permitted by zoning laws.
Many areas do not allow electric fence, period. Nor do they allow barb-wire in many areas either, not that you necessarily want that with horses...
It also isn't what is the size recommended but what the zoning laws dictate about acreage required per horse and the zoning allowing horses and other livestock {pigs, chickens} as not all areas nor communities allow the "other livestock" you write of.
Because it is "horse country" means there are many rules in place already so the area stays rural to keep the horses in existence...

Sorry, not to be a downer but I am very realistic.
I recently built a home on land I outright owned for many years.
It was the zoning needing met that drove me nuts needing this, that and something else to meet county zoning laws...no getting around some things.
There are a lot of ongoing hidden costs...
I offer you good luck and go in with eyes wide open to the entire picture and demands you put upon yourself.
...
jmo...
I know Lexington is massive just looking at the farms for sale currently (even the drool worthy ones selling for millions). I'm not super picky but I already know Georgetown area Versailles and Paris all seem to be the richer areas. We haven't truly settled on a specific spot around Lexington, as time draws near we plan on making a trip down to look around and nail down a specific area then. I've been to Lexington and to me it's all beautiful. But I'd rather scout out the areas in our budget range when we get closer then decide via a map. We really do want to find a place with everything pre built, heck I'd be happy with a run in over a barn as long as the animals can get out of the weather. It already seems like electric really isn't common I've seen more wood fence or a wood fence/ wire panel combo then anything. if that's what we have to use I just need to learn how to keep it up. Believe me I'll be happy happy with a smaller farm, my sister owned 30 acres at one time and my gosh it was a bear to mow. Who knows when it comes time for us to move Paris may be the cheap area to move to
See less See more
Talking to our bank (to get ideas for the future) we can actually get a decent mortgage (up to $165,000) without out breaking our backs to pay it each month. Ok that's fine we weren't looking to go that high but it gives us an idea.

The two of us have always wanted a smallish farm, me I love fresh eggs and miss the ones my step uncle would give us so I've wanted chickens. My fiancé wants a pot belly pig. If we aren't boarding I'd look at getting a pair of horses for the sake of companionship. I have talked to my sister about average cost of keeping a horse on property as that's what she once did. Something I'd be willing and able to do.



My only questions for you guys are:
~ Bare minimum of acres for a pair of horses?
- this way I know where our minimum is
- yes I know this may differ but just ideas

~ what type of fencing is lowest maintenance but best at keeping a horse safely contained?
- I've heard wood fencing can be pretty high maintenance which is why I'm asking
- again I know this is preference
- I've heard electric tape fencing is good but what voltage would even be best?

This won't happen for a few years yet, I'm not willing to break the lease which is a few years. Plus I'd like to put away money for the move down, first expenses (utilities and food) etc. I just want to get the ideas down to research. Which is another thing we are doing. We've got A half a page full of prospective places we'd like to go but aren't going to truly narrow down til the time to find a home is closer. I just like to research and since we want to bring animals onto the little farm I need to research that as well.
I live in Appalachia--meaning the cost of living is cheap and the economy is poor. Even here you will not get a farm for $165K with a house and a barn and any kind of acreage. You might get a modest house with maybe three acres but you are going to have to add the barn, fencing, and any other horse amenities. Not trying to be negative here--just realistic. We bought our place 35 years ago, built the house and barn and put up fence. I'd say we had at least $130K in it then and with maintenance and improvements I'd laugh if someone offered me less than $250K now. And I live on an unimproved dirt road. But since you are not in any hurry I'm sure you will have time to check it out.

Grass quality really has a bearing on how many acres you need but I would want at least two acres per horse. So add another acre for the house, yard, chicken yard, etc.

I have vinyl covered high tensile fencing. It's awesome. I once had my Arab gelding get a foot caught in the lowest wire. He pulled it off the end post so he put a lot of pressure on it. He had some sore muscles for a couple of weeks but not even a scratch. I liked the look of the Timeless fencing when I was at Equine Affaire this year. I would consider it if I had to replace fencing. You can add electric strands as needed or use only electric. The fence charger will tell you how many miles of fencing it will charge. Get one larger than you think you will need. You are right about board fencing being high maintenance. The last thing you want to do is spend time maintaining fence when you already have a full schedule of work and maintenance. All fencing needs some maintenance but mine requires very little!

That's why we are waiting a bit to move :) . We have a money saved up currently but I also want to boost our credit higher so we can get a better mortgage for hopefully a bit more money. I'm putting our minimum acreage at 10 and our max at 20 or 25 from what everyone is telling me. Heck I'd take a place with a turnout shed any day. Even when we move down it'll be a bit before we get the animals any way. So then we can go talk to someone on the township board so we can figure out the regulations for the animals what we can do etc. I'll take a look at the timeless fencing, I haven't heard of it before. I have seen some farms going for close to what we can get currently but they need a lot of work which as long as the house is liveable I'd be game for. I'll definitely be taking a look at the timeless fencing. It's been a long time since I was up at Equine Affair (I prefer the one in Massachusetts) but would you consider that a good place to go for ideas (like fencing as you said)?
I only glanced at the responses so forgive me for repeating things.


The acreage will depend on your state and the rules they have. I was always told the general rule of thumb is 3 acres for the first horse and then 1 for each additional horse so 2 horses would need 4 acres of pasture. I also know that if you have a barn where you can actually stall your horses and then you have paddocks for turn out the rules can change and you can actually get away with less acreage. Of course you are more than likely going to end up with dry lots if you have too many horses on too few acres.
So from what you guys have been telling me I'm pegging at 10 acres minimum. This way we have room for the piggies (which I'd rather be for food but those aren't what my fiancé wants) and a small flock of chickens. Plus then the horses can have a tiny bit more room. I like knowing the minimum of things so I know to go a bit higher. Say a fish's minimum tank size is 2.5 gallons I go with a 10 gal. I'm going to apply the same for the horse. I don't plan on getting any til we get settled get there's and our living area settled. Plus I'd like my fiancé to take some lessons so he can feel comfortable riding without me (though I'm still a beginner myself). If we wind up with a decent barn on property once it's fixed up my one goal for it is to have someone come out to run electric to it, which in my area we need permits for so that'd be another question I'd need to ask.
Also...


You asked about fencing - cheapest and easiest to maintain is electric. (Easiest to maintain - meaning you can go out and fix it yourself - easiest not meaning the least amount of maintenance).


I have ramm fencing. Hate it. I'm ripping down the thick ramm fencing and replacing with wood (for the paddock areas). I do have the ramm pencil wire on my larger pasture. Love it. It's clean. I have only 4 rows and that's too wide so I need to redo it with 5 rows (closer together). I also have a row of electric running down it. I'm a fan of the electric.


Also... pigs. I have a pig. He's in his own paddock away from the barn because my horses are terrified of him. They think he is a hoof eating monster. Some places have pigs with the horses and no issues though. Alos - my pig has cow grade electric around him. He is not at all phased by horse electric and he'll walk right through it.
I planned on making a separate area for the pot bellies any way. I'd be scared of them getting stepped on.
Go visit the areas you're considering and go look at available properties. Set aside a couple of days and contact a realtor and go look at two types of places: those within your price range, and those that have everything you're looking for. It can be an eyeopening experience on what you can actually afford, and help you compare 'what you want' with 'what you can realistically afford.' Lots of places look good on paper, and are awful in person. If you can find a place for $165,000 that meets your land criteria in the Lexington area, go buy a lottery ticket because you lucked out. We looked half-heartedly there a few years ago on a whim, and were looking at $325,000 plus for any rural property that fit our needs, and we aren't particularly picky or high-maintenance people.

In most areas of the country, $165,000 won't get you much unless you're willing to build from scratch or do a ton of work on a barely-livable house and overgrown mess of a property. Before you get your heart set on something, make sure it's actually feasible and realistic in the area you are considering. If not, you either need to increase your budget substantially, or find a less-expensive area in which to live. Our area of the country isn't all that expensive if you can find land that isn't in crops, and even then, we've been looking for 10 years for that elusive 'holy grail' of a property that is under $200,000, has over 5 acres, and at least a livable house and barn/shed with some pasture space. Haven't found it yet. We nearly bought a place a few years ago-- 12 acres and the house needed a lot of work. By the time we looked at what it would cost to renovate the house, fence the pastures, and put in some sort of shed for horses, it was unaffordable to us when the mortgage payment was factored in. I see a lot of people go into purchasing rural property with big dreams, then realize quickly how much money it costs for fencing, water, pens, corrals, etc. and end up in over their head.

If you must find a place for that budget, really look into foreclosures and short sales. Visit with a property attorney on your options with those, and what the rules are (for instance, in some areas if you buy a property at a tax sale, the previous owner has up to a year to pay the taxes, in which case you would then have to reliquish the property back, so do your homework first). If this move is a ways in the future, and it sounds like it is, then spend a few years saving every cent toward your savings and paying down any debt you have so you have a nice nest egg to get your new place going, or can afford a much larger mortgage without financial hardship to get your dream property.
That's what we plan on. We're also working on our credit so we can get a better mortgage. My heart isnt 100% on the Lexington area we have other areas in other states we are looking to. Lexington is just the area that's closest to Pa so if emergency arises we can hopefully get to Pa quicker. As the time draws closer we'll look again at the economies in those areas, jobs etc to narrow down then go to visit our likely match. Mayve by then we'll find a property in our range. That's another reason why I'm asking these questions so I can figure out ball park wise how many acres is minimum (typically) and fencing (so I can get an idea of how much we'd need for it).
Get on the City Data website. It has a forum that covers all the United Staes. You might find some useful information there:)

Also, there is no state tax in Tennessee. Counties do vary on auto inspections and some fees. License plate sticker prices are state-mandated but each county has its own smog inspection fees or it doesn't have any.

Regardless of where you look for property, if the price is too good to be true, be sure it's not in a flood plain:) these days, places that have never flooded before are flooding --- buying in a flood plain requires you to purchase flood insurance plus build an Ark:)
We did look at city data that's helped us a lot, what scares us about Tennessee is the unemployment rates. So that was taken off the list. Most of our places are Texas (specifically Dallas/Fort Worth), Kentucky (Lexington/Lewisvile) and South Carolina. There's a horse farm (just 8acres but has horses) for sale near us but it's the state taxes/local taxes here that are stopping us plus the house is virtually falling down the horses regularly escape due to ill kept fences there's more weeds/brush then grass and they want almost 400k. I'd be stoked if we moved to Lexington, it would be a slice of heaven to live near so many horse farms
I'll definitely be taking a look at the timeless fencing. It's been a long time since I was up at Equine Affair (I prefer the one in Massachusetts) but would you consider that a good place to go for ideas (like fencing as you said)?
Yes. I've found a lot of good ideas and products at EA. I am closer to the one in OH so that's where I go. It's a good place to check out all the latest new products and to compare different types of fencing, costs, and installation requirements. If I remember correctly, you can even borrow a gas powered fence post pounder from Timeless if you buy their fence. (I think it was them--it could have been someone else.)
Harrisburg is closest for me and I went there once and didn't like it. Not as much variety as the one is Massachusetts. Once we found a place I'll see if we can make a trip (probably to Ohio) to get ideas :)
1 - 9 of 23 Posts
Status
Not open for further replies.
Top